Member Info for 2227

Net assets = 7.5 m

Hutchison Capital Holdings Limited: 29.79%
Marwan Abdel-Khalek: 22.28%
Crescent Investments LLC: 4.08%
Canaccord Genuity Wealth Management: 8.01%
Downing LLP: 6.96%
Gresham House Asset Management: 4.68%

Lloyds-Schroders wealth management venture to launch price war

https://www.ft.com/content/6f1a494c-d958-11e9-8f9b-77216ebe1f17

UK Bank Costs To Ease Following Passing Of PPI Deadline Pass - Moody's

(Alliance News) - Moody's Investors Service said the passing of the payment protection insurance deadline could lead to an easing cost burden for UK lenders.

The credit ratings agency expects UK banks to face declining conduct and litigation charges as customers are no longer allowed to make new claims for mis-sold PPI. The result will be "credit positive", Moody's said.

"Profitability of the five largest UK banks - HSBC, Barclays, RBS, Lloyds and Santander UK – has long been weakened by persistently high conduct and litigation costs," said Moody's Associate Managing Director Laurie Mayers. "The August 29 deadline for new PPI claims prompted a surge in late enquiries, forcing lenders to set aside fresh provisions, but it brings to a close the most costly recent remediation episode for the UK banking industry."

UK Bank Costs To Ease Following Passing Of PPI Deadline Pass - Moody's

(Alliance News) - Moody's Investors Service said the passing of the payment protection insurance deadline could lead to an easing cost burden for UK lenders.

The credit ratings agency expects UK banks to face declining conduct and litigation charges as customers are no longer allowed to make new claims for mis-sold PPI. The result will be "credit positive", Moody's said.

"Profitability of the five largest UK banks - HSBC, Barclays, RBS, Lloyds and Santander UK – has long been weakened by persistently high conduct and litigation costs," said Moody's Associate Managing Director Laurie Mayers. "The August 29 deadline for new PPI claims prompted a surge in late enquiries, forcing lenders to set aside fresh provisions, but it brings to a close the most costly recent remediation episode for the UK banking industry."

https://thefintechtimes.com/lloyds-banking-features/

House of Commons speaker John Bercow has promised to use "creativity" to ensure Prime Minister Boris Johnson does not ignore a law which would prevent him taking Britain out of the European Union without a deal at the end of October.
Johnson has vowed to deliver Brexit on Oct. 31, with or without a deal, and has said he will not request a delay to that deadline, despite the legal requirement to do so.
Bercow said it was "astonishing" that anyone was entertaining the idea of not obeying the law. "If we come close to being there I would imagine that parliament would want to cut off such a possibility and to do so forcefully," he said in a lecture to lawyers late on Thursday.

"If that demands additional procedural creativity in order to come to pass it is a racing certainty that this will happen and that neither the limitations of the existing rulebook nor the ticking of the clock will stop it doing so."

Lloyds has the most desirable mobile banking feature set in the UK. The bank offers in-demand security, and transfer features, along with competitive capabilities related to account access, conversational banking, and account management.

businessinsider.com
These are the top UK financial institutions ranked by the mobile banking features consumers value most

https://www.businessinsider.com/uk-mobile-banking-survey-2019-9?r=US&IR=T

Still a bargain IMO.

Lloyds held back by fears of no deal Brexit and PPI.
The risks from both these issues have receded. Lloyds is undervalued by at least 50% IMO.

Barclays is trading at a 10-year low, held back by fears of no-deal Brexit and PPI.

The risks from both these issues have receded. Meanwhile, Barclays should benefit from weaker Sterling and earnings expectations remain well below management's targets.

The performance of the much-criticised investment bank is defying its critics and a revaluation of this business can be an important upside catalyst to Barclays' share price.

UK equities are extremely cheap in a global context and Barclays is extremely cheap in a banking context, trading below 0.5x P/TNAV. My share price target of £2.20 gives 50-60% upside.

https://seekingalpha.com/article/4291204-barclays-brexit-britain-bargain

Share price has fallen well below it's true value due to PPI . Once its sorted the price should rise much higher imo. It's worth a pound on the dividend alone even without the profit growth. Afterall which bank pays close to 7% on your deposits?

In the last few days No Deal Brexit seems to be becoming improbable and a Deal seems impossible due to the Irish backstop- that just leaves No Brexit. Lloyds is undervalued by at least 60% IMO.

mayfieldrecorder.com
Lloyds Banking Group (LON:LLOY) Given a GBX 80 Price Target at Barclays
Elija Maina

Lloyds Banking Group PLC logoBarclays set a GBX 80 ($1.05) price target on Lloyds Banking Group (LON:LLOY) in a research note published on Tuesday, September 3rd, Borsen Zeitung reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Lloyds looks good value despite PPI charges

https://ukinvestormagazine.co.uk/lloyds-looks-good-value-despite-ppi-charges-and-bad-debts/

Agree or not but the fear of no deal brexit has been suppressing the share price.

Above 60p seems possible by the end of this month hopefully.

Should be above 60 soon hopefully.

The last-minute surge, however, is unlikely to have had as big an impact, as a higher proportion of the provisions being set aside by banks is being spent on administration costs rather than handed out in compensation. Banks had already reported a sharp increase in inquiry volumes between January and June, but data from the Financial Conduct Authority show that there was no corresponding increase in compensation payouts.

Several banks have complained that much of the late surge in costs has been driven by professional claims management companies and law firms which have submitted large volumes of low-quality inquiries, the vast majority of which never lead to a formal complaint and compensation.